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Bank Mandiri analyst Reny Eka Putri said the rupiah remained stable, supported by Bank Indonesia's new market instruments, including the foreign-currency securities SVBI and the SUVBI sukuk. The SVBI raised $236.5 million against a $200 million target, and the SRBI auction reached IDR 168.81 trillion as of Nov 21.
Analysts expect the Fed to raise rates again before the end of 2023, which could still affect the rupiah.
Stable currency conditions keep Indonesian import costs for feed ingredients predictable. The story describes existing policy with no new price driver for feed commodities.
voi.idDony AprianNov 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
